Condominium buy in Leimert Park California

We are pleased to present 2360 W. Washington Blvd in the Arlington Heights neighborhood in Mid-City Los Angeles. This unique offering is a Mixed-Use building offering 17 apartment units and 3 storefront retail spaces on the ground level. 16 of the 17 apartment units have been renovated offering a mostly turn-key investment with a strong in place cash flow with a going in cap rate of 5.43%. The apartment portion of the building offers a great unit mix consisting of (13) Studio/1 Bath units, (3) 1 Bed/1Bath, and (1) Bachelor unit. The three storefront retail units are on month-to-month leases and offers a new investor the opportunity to increase the return by bringing these rents to a market rate. Tenants have the opportunity to apply for permit parking with the City of Los Angeles allowing them to park in the surrounding neighborhood at a very reasonable rate. MLS® ID: 22175837 Listed: 7/5/22 Updated: 10/14/22 Interior Features Kitchen Appliances: Dishwasher, Gas Cooktop, Microwave, Oven, Refrigerator, Dryer, Washer Total Bedrooms: 0 Total Bathrooms: 0 Cooling: Wall/Window Unit(s) Exterior/Building Features Lot Size: 7,508 ft2 lot Other Property Details Area Name: C16 - Mid Los Angeles HOA Amenities: Gated Garage: No Parking: Off Site, Permit Required View: N County: Los Angeles Pool: No Pool Description: None Total Stories: 2 Zoning: LAC2 Courtesy of Lyon Stahl Investment Real Estate, Inc., William James, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/14/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.